new thread, page-45

A note on two ceo's who have come into their role, groomed by leaders that have built their respective companies to what they are today.
Richard Goyder of Wes and Michael Luscoumbe of Wow. Both Chaney and Corbett built Wes and Wow to what we know them. Both internal candidates. A great article on Goyder in AFR, showing he has the discipline and business acumen to further push wes into a business behemoth in all areas. Michael Chaney in the article sings great praise. The market overreacted and became inpatient. For those investors that picked up during the lows of 32-33, well done. Wes has built its reputation on biding time and investing/acquiring assets that are accretive rather than for markets sake. As for Luscombe, same deal. A retailer born and bred. Knows what needs to be done and has done well to continue where Wodge left off. First WHS, then another liquor mob. I wouldnt be suprised if market scare is used and a sell off of wow occurs based on wes/mbl entering. I hope so, wow will become cheap to buy for me. But the moat and culture built that wow has, will cotinue to run for decades to come. Of course it will be naive to think that 'bumps' will not occur (both in operation and share price), but overall both wes and wow I believe are in capable hands.

As for aui - just when I thought 8.09 was good, I out did myself at 8.06. Hmmm... keep selling at these prices.